Tuesday, March 18, 2008
No money Down!!
The crisis still has a long way to go, according to investment guru Jim Rogers, a New York-based fund manager and former partner of George Soros who predicted the start of the commodities rally in 1999. "This was one of the biggest bubbles we've ever had in credit,'' he said.
"This is only time in world history when people were able to buy houses with no money down."